Holy Cow! Healthcare costs 10% of what they charge us! Fraud! Time for transparency!Submitted by Ron Johnson on Sat, 10/26/2013 - 17:35
The U.S. healthcare industry regularly charges 10 times more than a service or product costs...even though they never expect to get paid that much. How does it happen? By selling the lie that medicine is expensive and getting more so, which then justifies the constant increases in insurance rates. It's a game of misinformation and fear-mongering, supported by outrageous medical bills, that makes us hand over huge and ever-growing premiums to the insurance companies.
See this doctor's expose:
The healthcare system is broken. More insurance is NOT the answer. Transparency IS the answer. We need to get off this medical/insurance merry-go-round and go back to paying for our doctors the way we pay for our plumbers.
Edit: Here's how it is being done at a private surgury clinic:
Now it would be great to see what other hospitals charge.